Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1887-07-02
THE BUSINESS WORLD.
R. G. DUN & co.'s WEEKLY RIgIBW--A
BOON IN TRADE
The New York Wheat Corner a SuCess-lmnsnse
Eastern Shipments in Rsa Estate
Labor Tpubles-Ths Coke Strike Con
eral Financial Condition.

New YORK, July 1.-R. q. Pun & Co.
in their weekly review Of trade say: Th'
week has been one of satisfactory busines:
for stocks, but of unusual disturbance il
speculation. Liquidation hasreached the
stock market. A week o,eyen while
this review was being write, sharp at
tacks began. The recovery wa especially
rapid, but there is hesitation j prices this
week, notwithstanding this veg favorable
reports of earnings indicate tat the pro-
cess of liquidation may not, il all direc-
tions, have been completed. Atheir low
est, stocks were down to the leSa-oi Jan
uary last, Just as their highest INLAY, had
accurately corresponded with ther highest
average before the break in Deceaber. A
corner in June wheat at New FORK has
succeeded as completely as til Chicago
corner failed, and the prices mde, have
been so palpably artificial that ;he June
delivery sold, on the last day of he month,
22I cents above the same grad for July.
NOminalIy cash wheat fell 2 cents on
Friday, though the actual price for other
uses than the settlement of seculative
contracts, was not above S6lc IN Thurs
day aud S5lc on Friday. Tn Chicago
market has been quiet, with eastward ship
ments of 3, 900, 0OO bushels, growing lake
lines to their full capacity. TIL, exports
have been large, but the stock carried over
to the new crop year will not fallmuch be-
low $4,000, 900 bushels in exces Of the
minimum, and the crop reports re gener-
ally favorable, though prolongeddrought
in some parts OF the Northwest cilses ap-
prehension and may lessen tie yield
From Omaha and some other points come
reports that the real estate excitement has
abated, though prices are maintained and
large sums are being expended u build
ing. 1t WAS estimated, some weeks ago,
from returns at New York, where the pro-
portion Of new buildings in five months
has been Al per cent Of the assessed valu-
alton Of real estate, that the sum thus in-
vested throughout the country must be
very large. Official returns for five months
from thirty-five cities in all pats of the
country now show that the value of new
buildings in that time was 4.l2 per cent
Df the assessed valuation of all ral estate
ihere in 1880; and in the transfers of
IrOperty and perennial all points gain
\ per cent. At New York th.se figures
Nuld point to an expenditure
lSuilding OF 81, 300, 900, 900, il the same
acSity should last through the year; and
TO oansfers of $500, 100000. 1t need not |
DC hed that reaction and diminished |
actity in this direction are to he expect |
co. Available has been turned into fixed |
capt. largely in railroad building, |
thous returns disappOint those who ex-
pecteN larger mileage to be completed |
TINS " than in 1882. So far the mileage
Is o'" pve that of last year, 10 date, hut
aDoat y miles below the completed work |
10 oate $50, ISL, or 1883, and $500
oelo" record of 1882. May aud June
returns iced last years but little, but
inc ne" f1ritieS listed at the Stock Ex-
cnahge year already exceed l32, ,OOO,-
Ooo IN SIT and l33, 900, 900 in bonds,
which in p accounts for the hesiatior in
prices.
"eheral i1rts are almost without eX-
ceptior statutory, Trade is good for the
tune vi yea!pllections are fair or better
anu Il"ney - reasonable supply at all
interior I' PoIn.AThe disasters at Chicago
ana CIhclIhaVNem to have had little ef-
.eeI eise~ .,..n n most encouraging tea-
.uie 10 'no 'cc'Ient, as to wages in the
liol' in'hui"ot on ten per cent
au.a"ce' anu an, 'nNOsing of the builders
strike aV Shicasobe shOemakers strike
in MaSsaC husetts, tho oro b,rdIor,
s'iiAe ~ Nle, e''ln' The coke strike still
Keeps s'uio idle, and stocks of
,tou Stn' VI tne '""S Sins are thought to
nave iatlen nnn i.oln iSfS tons on May lst, :
10 loo,y"1 " tona, "nu advance in August
10 uoPeu .o'' I" Is have risen the
past "een' :f, no ,T"i put for the half
previous output, and an vance in nr;ceS
j. predicted. In most ar hronobas oF
trade, the condition is rel Ie5 sat;sc,o,onn
for the season. Much al, na,,.;,,,,ns {
however, over the bank sI;,O ,sb;nb ha, I
never been rs low at this c ~ anr mr, {
yious year, and the treasu,aS taIop I p N {
81, 800, 900 in gold, whilS, 80" ont :
81, 400, 900 in currency. basr;nIt I
withdrawal of bank bonds, r"no,tsS ]
on single day, naturally ,enfS tho 8
maturing of the last call fhros nar ~ !
cents; and Treasury officiasre d. G
appointed because new Janoai,s I
for circulation reach only mn nnS a
The one open supply of mon; tbo t
London market, bat recent eve boro l
caused some sales of stocks on e., !
count, and the merchandise expocron, e
New York fall eight per cent ow I
while the imports rise sixteen pCnt i
above those of last year for JunGbo q
disbursements tor interests and div5S r
during this month, however, are esticIS \
at $50, 600, 900. The business fai, l.
drriug the seven days, number fol 2
United States, 155, for Canada, 26, n
Isl; compared with 1877 last week, and b
the corresponding week last year, l79., c